Regulatory repeal of underwriters regulations: registrations deemed surrendered, with prior rights and proceedings preserved under savings provisions. The notification repeals the Securities and Exchange Board of India (Underwriters) Regulations, 1993 effective on publication in the Official Gazette, with certificates of registration under the 1993 Regulations deemed to be surrendered. It contains savings provisions preserving prior operation, rights, obligations, liabilities, penalties and ongoing investigations, legal proceedings or remedies, permitting such matters to be continued and enforced as if the 1993 Regulations had not been repealed.
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Regulatory repeal of underwriters regulations: registrations deemed surrendered, with prior rights and proceedings preserved under savings provisions.
The notification repeals the Securities and Exchange Board of India (Underwriters) Regulations, 1993 effective on publication in the Official Gazette, with certificates of registration under the 1993 Regulations deemed to be surrendered. It contains savings provisions preserving prior operation, rights, obligations, liabilities, penalties and ongoing investigations, legal proceedings or remedies, permitting such matters to be continued and enforced as if the 1993 Regulations had not been repealed.
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